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Finance Lab
Key Tax Facts for 2025
As we approach the end of the first quarter of 2025 (can you believe it?), this might be a good time to take a look at several pertinent...
Dave Moja
Mar 143 min read
Beneficial Ownership Information Reporting: The Clock is Ticking
***UPDATE as of March 3, 2025*** BOI Reporting Requirements Ended! In a move not unlike the abhorrent delayed government reactions to the...
Dave Moja
Feb 273 min read
V.A. Funding: UPDATE
The “Johnny Isakson and David P. Roe, M.D. Veterans Health Care and Benefits Improvement Act of 2020” added several requirements, including
Dave Moja
Feb 143 min read
Qualified Charitable Deductions (IRA) - **DEVELOPMENT DIRECTOR ALERT**
There is a oft-times overlooked fundraising opportunity that your institution should be aware of: The “IRA Qualified Charitable...
Dave Moja
Nov 18, 20243 min read
TWO ANNUAL AUDIT REPORTING “TRAPS” INSTITUTIONS SHOULD BE AWARE OF
The U.S. Department of Education (ED) has announced that the “threshold” for the amount of Federal funds that will require a “Uniform...
Dave Moja
Aug 16, 20243 min read
Are remote distance learning faculty independent contractors?
The following blog post was generated by AI (ChatGPT) and has been reviewed by TRACS Staff for general accuracy and applicability to...
Barry Griffith
Jul 26, 20243 min read
Can faculty at colleges be considered independent contractors?
The following blog post was generated by AI (ChatGPT) and has been reviewed by TRACS Staff for general accuracy and applicability to...
Barry Griffith
Jul 26, 20243 min read
What are the best practices in Higher Ed concerning withholding transcripts for students who still owe the institution?
The following blog post was generated by AI (ChatGPT 4.0) and reviewed by TRACS Staff for general accuracy and applicability to TRACS...
Barry Griffith
Jul 26, 20242 min read
Form 1099-NEC
Have you heard? A few years ago the IRS “updated” the annual filing/reporting process for “independent workers.” In the past,...
Dave Moja
Jul 2, 20243 min read
Donated Labor or Services – Tax Deductible?
As we move into the final stretch toward Tax Day (April 15th), here is a question we receive often – is the value donated services/labor...
Dave Moja
Apr 4, 20243 min read
New Money – Part 2: Government Grants (Grants.gov)
This segment of TRACS: Finance Lab is the second of a three-part series on interesting opportunities for grants, credits, and refunds of...
Dave Moja
Nov 17, 20233 min read
New Money – Part 1: IRA Credits
This segment of TRACS: Finance Lab is the first of a three-part series on interesting opportunities for grants, credits, and refunds of...
Dave Moja
Oct 23, 20233 min read
![[URGENT UPDATE] IRS Issues “Immediate Stop to New Employee Retention Credit Processing”](https://static.wixstatic.com/media/a8a4b6_4443edab145a4a299e086991c409c7d9~mv2.jpg/v1/fill/w_1080,h_811,fp_0.50_0.50,q_90,enc_auto/a8a4b6_4443edab145a4a299e086991c409c7d9~mv2.jpg)
[URGENT UPDATE] IRS Issues “Immediate Stop to New Employee Retention Credit Processing”
In an announcement last week, the IRS has implemented an “immediate stop to new Employee Retention Credit [ERC] processing amid surge of...
Dave Moja
Oct 6, 20234 min read
Dept. of Education: Third-Party Servicer Changes
Beginning with a February 15, 2023 “Dear Colleague” letter (GEN-23-03), the Department of Education (ED) announced changes to its rules...
Dave Moja
Sep 15, 20234 min read
Have You Heard About Form 8940?
Form 8940, Request for Miscellaneous Determination, has been around since 2011 and has always been a wonderful option for organizations...
Dave Moja
Jul 12, 20232 min read
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